The balcony in Verona, Italy, which is said to have been the inspiration for Romeo and Juliet, who aren't in this photo because they've been dead for hundreds of years. Pic via Getty Images.
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Good morning everyone, and welcome to 29 January, 2024 – a date on the calendar to be celebrated by lovers of The Arts, as it is believed that on this day in 1597, a small play called Romeo and Juliet had its first public performance.
That performance is likely to have been something of a sneak preview showing of Shakespeare’s 10th play – the official launch of the play took place a couple of years later, but it was one that struck a chord with audiences, in a way that only an over-wrought drama about a pair of suicidal teenagers could.
Written in an era where it was entirely cool for a 17-year-old lad to be simping to tragic levels after a 13-year-old girl, the story itself is often remembered as one of the greatest love stories ever told.
The harsh reality of it, however, is that it is a dark and horrifying story that ends with two children dead and two large families utterly heartbroken, all over a ridiculous feud that ran full tilt into a rampaging ball of hormones, to the detriment of anybody within spitting distance of the action.
The fact that the story is remembered for being something it clearly isn’t meant to, is a testament to the very human ability to cast bad memories aside, and collectively, willingly recall an entirely different reality than the one we all just lived through.
The same thing that has a lot of people pining for the 1990s as a time of wonder and easy living, when even the shortest backward glance at those years will reveal a dark, twisted history of long greasy hair, regrettable tattoos and way too many flannel shirts.
But, given the passage of enough time and just about anything – like Romeo and Juliet – will start to look a lot better than it really was.
Luckily, in the modern era, we will always have Baz Luhrmann’s bloated and self-indulgent efforts to bring Shakespeare’s tale to the big screen, as a permanent reminder that no matter how sad and sorry Shakespeare’s work was when he wrote this particular play, there will always be a way to magically make it a thousand times worse.
Anyway – I’m rambling, and we’ve all got better things to do be doing this morning, so allow me to point you at Eddy Sunarto’s Hot Money Monday for a look at what’s in store this week, while Josh Chiat got former PLS and now new Patriot Battery Metals CEO Ken Brinsden on the blower about what’s actually going on with this lithium collapse thing.
And, as always down below, there’s all the usual numbers and letters, all lovingly arranged in such a fashion that they make sense to our those who just love to watch the market, to help us all get ready for the next wave of losses and gains that come washing our way today.
Gold: US$2,018.71 (-0.07%)
Silver: US$22.794 (-0.51%)
Nickel (3mth): US$15,469.00/t (+0.32%)
Copper (3mth): US$8,446.15/t (-0.37%)
Oil (WTI): US$78.01 (+0.84%)
Oil (Brent): US$83.66 (+1.49%)
Iron 62pc Fe: US$137.50/t (+1.10%)
AUD/USD: 0.6574 (+0.09%)
Bitcoin: US$42,545.90 (+1.10%)
India is setting itself up to emerge as a proper economic powerhouse, so here’s Part 1 of Nadine McGrath’s look into which India-focussed ASX players are making some serious moves right now.
‘India is where China was in 2006’ – Here are Banyantree’s top three India-focused stocks – @BanyantreeIG is bullish on India and tell us their top three stock picks for the emerging market in 2024. #markets #Indiahttps://t.co/MXcgGOM8CK pic.twitter.com/675H0VLJ5N
— Stockhead (@StockheadAU) January 25, 2024
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | MARKET CAP |
|---|---|---|---|---|---|
| NRZ | Neurizer Ltd | 0.014 | 100% | 20,911,108 | $9,645,620 |
| DXN | DXN Limited | 0.0015 | 50% | 705,538 | $2,153,340 |
| EVG | Evion Group NL | 0.032 | 33% | 1,568,543 | $8,303,020 |
| JAV | Javelin Minerals Ltd | 0.002 | 33% | 1,000,000 | $2,450,593 |
| MRD | Mount Ridley Mines | 0.002 | 33% | 618,116 | $11,677,324 |
| PHL | Propell Holdings Ltd | 0.013 | 30% | 128,576 | $1,203,555 |
| ICR | Intelicare Holdings | 0.018 | 29% | 99,311 | $3,287,543 |
| CST | Castile Resources | 0.09 | 29% | 343,719 | $16,933,170 |
| CUF | Cufe Ltd | 0.019 | 27% | 3,361,573 | $17,191,685 |
| CHK | Cohiba Min Ltd | 0.0025 | 25% | 500,000 | $5,060,460 |
| EXT | Excite Technology | 0.01 | 25% | 5,692,851 | $10,633,934 |
| NKL | Nickelx Ltd | 0.04 | 25% | 484,545 | $2,810,085 |
| W2V | Way2Vat Ltd | 0.011 | 22% | 333,173 | $5,864,476 |
| ACW | Actinogen Medical | 0.029 | 21% | 11,530,268 | $55,375,442 |
| KNM | Kneomedia Limited | 0.003 | 20% | 102,638 | $3,833,178 |
| M4M | Macro Metals Limited | 0.003 | 20% | 3,708,000 | $6,167,694 |
| CCM | Cadoux Limited | 0.065 | 18% | 65,741 | $20,158,467 |
| BTH | Bigtincan Holdings Ltd | 0.23 | 18% | 2,854,638 | $120,169,353 |
| MOM | Moab Minerals Ltd | 0.007 | 17% | 654,950 | $4,271,781 |
| VAL | Valor Resources Ltd | 0.0035 | 17% | 1,592,095 | $12,520,004 |
| NGX | NGX Limited | 0.15 | 15% | 148,974 | $11,779,539 |
| AHF | Aust Dairy Limited | 0.015 | 15% | 1,335,700 | $8,402,768 |
| FRB | Firebird Metals | 0.115 | 15% | 49,160 | $14,236,140 |
| PMT | Patriot Battery Metals | 0.85 | 15% | 6,547,560 | $372,960,118 |
| SSL | Sietel Limited | 9.2 | 15% | 5,000 | $64,219,982 |
Up the pointy end of the Small Caps was Neurizer (ASX:NRZ), showing a 100% jump after some to-ing and fro-ing with the ASX over disclosures by the company in the lead-up to it releasing its quarterly and Appendix 5B on 18 January.
It’s all very complicated and I don’t have the time to completely unpack it here, but the short version is that there have been some legislative and oversight changes affecting the Neurizer Urea Project, which in turn has had a knock-on effect on investment negotiations for NRZ.
The company has assured the ASX that it is solvent, and working through other potential investment options to keep the project on track.
Elsewhere, CuFe (ASX:CUF) jumped 33% this morning despite having nought to report, most likely on the back of renewed enthusiasm for copper among local investors.
Similarly, Castile Resources (ASX:CST) has been all over the joint – up more than 28% after shedding 18% in recent sessions, itself a major step down from the 27% spike the company enjoyed between Friday and COB Monday.
Black Mountain Energy (ASX:BME) has posted a decent gain off the back of a crowd-pleasing quarterly that includes a little tidbit about the company’s divestment of its Half Moon project, which has brought in a pre-tax windfall of US$6,577,810.
Actinogen Medical (ASX:ACW) enjoyed a solid run through the day, off the back of earlier news that a human Positron Emission Tomography (PET) study, confirming high levels of the company’s Xanamem target occupancy in the brain at safe, well tolerated, and biologically active doses, has been published in the Journal of Alzheimer’s Disease.
The company says the study confirms that Xanamem is a brain-penetrant inhibitor of the tissue cortisol synthesis enzyme, 11β-HSD1, with high levels of target occupancy at doses as low as 5mg – which is, I am assured, a Good Thing.
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | MARKET CAP |
|---|---|---|---|---|---|
| AVW | Avira Resources Ltd | 0.001 | -50% | 12,250,000 | $4,267,580 |
| DCX | Discovex Res Ltd | 0.001 | -33% | 200,000 | $4,953,852 |
| NGY | Nuenergy Gas Ltd | 0.027 | -31% | 225,373 | $57,757,264 |
| DMP | Domino Pizza Enterprises | 40.08 | -30% | 2,812,706 | $5,146,337,960 |
| MEM | Memphasys Ltd | 0.01 | -29% | 19,503,304 | $18,814,022 |
| MHC | Manhattan Corp Ltd | 0.003 | -25% | 4,212,812 | $11,747,919 |
| HTA | Hutchison | 0.024 | -23% | 950,881 | $420,747,766 |
| DGR | DGR Global Ltd | 0.014 | -22% | 775,092 | $18,786,483 |
| SUM | Summit Minerals | 0.074 | -20% | 1,528,675 | $4,384,456 |
| ACM | Aus Critical Mineral | 0.098 | -18% | 130,407 | $3,849,150 |
| SGC | Sacgasco Ltd | 0.009 | -18% | 864,496 | $8,576,558 |
| KNB | Koonenberry Gold | 0.0615 | -18% | 626,796 | $8,981,182 |
| ZEO | Zeotech Limited | 0.029 | -17% | 5,460,949 | $60,669,807 |
| AHN | Athena Resources | 0.0025 | -17% | 11,157 | $3,211,403 |
| CRB | Carbine Resources | 0.005 | -17% | 600,000 | $3,310,427 |
| MGU | Magnum Mining & Exp | 0.02 | -17% | 3,991,743 | $19,424,674 |
| NOX | Noxopharm Limited | 0.065 | -17% | 110,846 | $22,794,560 |
| PUA | Peak Minerals Ltd | 0.0025 | -17% | 20,000 | $3,124,130 |
| RMX | Red Mount Min Ltd | 0.0025 | -17% | 3,463,333 | $8,020,728 |
| TREDA | Toubani Resources | 0.13 | -16% | 186,016 | $20,749,178 |
| EME | Energy Metals Ltd | 0.16 | -16% | 167,296 | $39,839,829 |
| BEO | Beonic Ltd | 0.027 | -16% | 266,276 | $13,583,838 |
| ASP | Aspermont Limited | 0.006 | -14% | 1,400,000 | $17,071,346 |
| LNR | Lanthanein Resources | 0.006 | -14% | 1,594,683 | $9,028,683 |
| OSL | Oncosil Medical | 0.006 | -14% | 9,254,036 | $13,821,788 |
Adavale Resources (ASX:ADD) – pending the release of an announcement in relation to a proposed capital raising.
Blue Star Helium (ASX:BNL) – pending the release of an announcement regarding an update on drilling.
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